Friday, 23 August 2019 03:46 GMT

Kuwait jumps 5.2 percent in credit growth rate

(MENAFN) Kuwait, the National Bank of Kuwait (NBK) revealed in a report, registered a 5.2 percent boost in its credit growth rate from January to March 2019.

NBK attributed the boost to the number of loans delivered to businesses and households during the first quarter.

Meanwhile, NBK unveiled, deposits growth in Kuwait recorded a drop to stand at 2.4 percent during the first three months of the year, compared to 3.2 percent last year.

The report affirmed "lending to businesses rose 6.1% YoY in Q1-19, up from 5.2% YoY in Q4-18. This was driven mainly by a significant improvement in lending to real estate (4.9% YoY) and trade sector (3.9% YoY)."


Kuwait jumps 5.2 percent in credit growth rate

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